## **Kerygma 180** ## **Financial Statements** **For the year ended 31 December 2021** |**Contents**|Page| |---|---| |Legal and administration information|3| |Trustees’ Report|4 - 5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Account|8 - 14| |Independent Examiner’s Report|15 - 17| 2 ## **Legal & Administrative Information** Trustees / Directors Rev Timothy Manson Andrew Dewick Jeremy Taylor Company Secretary Rev Martin Durham Charity Number 1123294 Company Number 06481900 Registered Office 229 Boston Manor Road Brentford Middlesex TW8 9LF 3 ## **Trustees’ Report** Kerygma180 (K180) continued to navigate the Covid challenges throughout 2021. Whilst there were difficulties, it was pleasing to see our teams adapt and find new ways of exercising ministry. Whilst our websites will give a good overview of ministry endeavours, here is a snapshot of key ministry developments. ## **History Makers** By way of brief background, the History Makers (HM) initiative seeks to equip young leaders (1835) for strong, biblical, missional leadership in the 21st century. Designed to run in partnership with local churches, it has been very encouraging to see how God is using this tool to equip young leaders across Europe, as participants spend a week together exploring eight biblical core values for leadership. In essence, our goal is to equip leaders and spread the gospel. So, HM is aimed at those relatively early in their call to leadership or those who have potential for leadership. This is leadership in any capacity - in church, youth work, para-church ministry, workplace etc. We keep numbers relatively small (around 20-30 per session) so as to hopefully maximise impact. There was plenty of online training during the year, but it was clear in some quarters that ‘online fatigue’ was very real. There has been a longing for people to get back to meeting face to face. And in many ways, it was a year of ‘green shoots’ as amid all the online activity, many of our HM teams were starting to plan fresh initiatives, some of which have come to fruition during the first quarter of 2022. We finished 2021 with training completed in 15 European countries (although with representation from at least another 7 countries) and a verified 385 leaders trained in Europe, plus at least a further 350 trained outside of Europe as a result of multiplication from online training. These events were run by local leaders who had experienced our online training. We came to the end of 2021 with 23 country teams in place. Please see www.historymakerseurope.org for more information. ## **Equipping Evangelists** We believe that a key strategy for Gospel impact in Europe is the equipping of ‘emerging’ evangelists, in other words, those early in their call to proclaim the Gospel. Alongside ongoing trainee opportunities in London, K180 leads specific training for those called as evangelists. This training consists of a two-year modular course designed to train and equip evangelists emerging (i.e. early in their call) into a ministry of proclamation evangelism. The course consists of a core of four separate residential long weekends of training together with additional days, mentoring and opportunities to participate in major evangelistic initiatives. This training started in the UK and now features in 5 other European countries. The work continues in Germany, Iceland, Italy, Russia, Spain, and the UK. Again, the pandemic caused us to re-think our approach and several countries successfully continued online training, but we did manage one in-person training in the UK. We also held a one-off event online where a globally recognised German evangelist brought training and inspiration to those charged with the office of the evangelist. We also continued developing our fledgling association of these country teams who are training evangelists – the ‘European Young Evangelists Network’. We have a sense of anticipation as this takes shape as we seek to train evangelists across this continent. 4 ## **Unashamed Course** The Unashamed course was launched online in the second half of 2020 and was well received. As we progressed through 2021, training took place online in Armenian, English, French and Spanish. It was also held for the first time in-person in a church small group setting. Again, the feedback was very positive. We are now in the process of getting materials ‘print ready’ and hope to expand the reach of the Unashamed Course. Our occasional Unashamed+ online training events also saw a relatively huge increase in numbers, with participants drawn from across Europe (interpretation provided into a few languages). ## **Street Teams** Street ministry gradually returned to a pre-pandemic format during 2021 and it has been good to be back on the streets proclaiming the Gospel. A return to overseas mission weekends did not re-start in 2021 but is scheduled for 2022. ## **The Journey** 2021 saw the completion of our ‘pilot’ project called ‘The Journey’. At the invitation of the London Baptists, K180 worked alongside Brentford Free Church for 1 year to help them further develop their evangelistic culture. This included regular street ministry, training for the church, a 6 month ‘deeper discipleship’ journey for a group of 6, and the launching of evangelistic endeavours. It proved an excellent year with tremendous feedback. ## **K180 Music** Gareth Hides continued writing music, particularly designed to reach/engage those who are yet without a personal faith in Jesus Christ. He also has continued working on a (potential) K180 musical. Details of the music ministry can be found here: www.k180.org/music There are several other ministry endeavours, which can be read about at www.k180.org. 2nd May 2022 5 ## **Statement of Financial Activities** ## Kerygma180 For the year ended 31 December 2021 |**Account Note**|**Unrestricted**
**Funds 2021**|**Restricted**
**Funds 2021**|**Total Funds**
**2021**|**Total Funds**
**2020**| |---|---|---|---|---| |**Income from:**||||| |Donations and legacies|111,760|43,533|155,293|137,847| |Charitable activities|8,677|49,466|58,143|62,457| |**Total 3.1**|**120,437**|**92,999**|**213,436**|**200,304**| |**Expenditure on:**||||| |Operating costs|31,422|15,879|47,301|56,703| |Charitable activities|36,301|127,171|163,472|141,342| |**Total expenditure 3.2**|**67,723**|**143,050**|**210,773**|**198,045**| |**Net income / (expenditure)**|**52,714**|**(50,051)**|**2,663**|**2,259**| |**Reconciliation of funds**||||| |Transfers between funds|(50,723)|50,723|0|0| |Total funds brought forward|99,762|7,328|107,090|104,831| |**Total funds carried forward**|**101,753**|**8,000**|**109,753**|**107,090**| 6 ## **Balance Sheet** ## Kerygma180 ## As at 31 December 2021 |**Balance Sheet**
Kerygma180
As at 31 December 2021|**Balance Sheet**
Kerygma180
As at 31 December 2021|**Balance Sheet**
Kerygma180
As at 31 December 2021|**Balance Sheet**
Kerygma180
As at 31 December 2021|**Balance Sheet**
Kerygma180
As at 31 December 2021| |---|---|---|---|---| |**Note**
**31 Dec 2021**
**Unrestricted**
**31 Dec 2021**
**Restricted**
**Total 31 Dec**
**2021**
**Total 31 Dec**
**2020**||||| |**Fixed Assets**||||| |Computer equipment
5
1,924
0
1,924
3,151||||| |**Total Fixed Assets**
**1,924**
**0**
**1,924**
**3,151**
**Current Assets**||||| |Debtors & prepayments
7
503
13,453
13,956
4,521||||| |Cash at bank and in hand
10
100,076
6,789
106,865
121,341||||| |**Total Current Assets**
**100,579**
**20,242**
**120,821**
**125,862**
**Liabilities:**||||| |Amounts falling due within one-year
8
(750)
(12,242)
(12,992)
(21,923)||||| |**Net Current Assets (Liabilities)**
**99,829**
**8,000**
**107,829**
**103,939**||||| |||||| |**Total Assets less Current Liabilities**
**101,753**
**8,000**
**109,753**
**107,090**||||| |Amounts falling due after more than one year
0
0
0
0||||| |**Net Assets**
**101,753**
**8,000**
**109,753**
**107,090**||||| |**Funds of the charity**||||| |Restricted
8,000
8,000
7,328||||| |Unrestricted
101,753
101,753
99,762||||| |**Total Funds of the charity**|**101,753**|**8,000**|**109,753**|**107,090**| - The charitable company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. - The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. - These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. Approved by the board of trustees on 5 May 2022 **----- Start of picture text -----**
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..................................... ............................................ Andrew Dewick Jeremy Taylor Trustee Trustee 7 ## **Notes to the accounts** ## **1. Basis of preparation** **1.1 Basis of accounting -** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared under the Companies Act 2006 and in accordance with the Statement of Recommended Practice (SORP), Financial Reporting Standards (FRS 102 Section 1A) and the Charities Act 2011. **1.2 Change of accounting policy -** The accounts present a true and fair view and no changes have been made to the accounting policies adopted. **1.3 Changes to accounting estimates** - No changes to accounting estimates have occurred in the reporting period. - **1.4 Material prior year errors** - No material prior year errors have been identified in the reporting period. ## **2. Accounting policies** ## **2.1 Income** **Recognition of income** - These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources. - it is more likely than not that the charity will receive the resources. - ▪ the monetary value can be measured with sufficient reliability. **Offsetting -** There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the SORP or FRS 102. **Legacies -** Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. **Tax reclaims on donations and gifts -** Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. **Support costs -** The charity has incurred expenditure on support costs. **Voluntary help -** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report where necessary. **Income from interest, royalties, and dividends -** This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably. 8 ## **2.1 Expenditure & liabilities** **Liability recognition** - Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. **Governance and support costs** Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources,. ## **3. Analysis of income & expenditure 3.1 Analysis of income** |**Donations and legacies**|**Unrestricted**
**funds**
**£**|**Restricted**
**income**
**funds £**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |Donations and gifts|108,405|36,024|-|
144,429|128,255| |Gift Aid|3,355|7,509|-|10,864|9,592| |Legacies|-|-|-|-|-| |General grants provided by
government/other charities|-|-|-|-|-| |Membership subscriptions Sponsorships
which are in substance donations|-|-|-|-|-| |Donated goods, facilities and services|-|-|-|-|-| |Other|-|-|-|-|-| |**Total**|111,760|43,533|-|
155,293|137,847| |**Charitable activities**|**Unrestricted**
**funds**
**£**|**Restricted**
**income**
**funds £**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |Proclaiming|-|3,748|-|
3,748|1,274| |Training in ministry|-|5,848|-|5,848|30,283| |Evangelism|8,677|7,808|-|16,485|5,040| |Mission including Josiah Venture|-|14,795|-|14,795|15,263| |Leadership|-|17,267|-|17,267|10,597| |Other|-|-|-|-|-| |**Total**|8,677|49,466|-|58,143|62,457| |**Total income**|||||| ||120,437|92,999|-|213,436|200,304| 9 ## **3.2 Analysis of expenditure** |**Expenditure on raising funds**|**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |Incurred seeking donations|38|-|-|
38|761| |Incurred seeking legacies|-|
-|-|
-|
-| |Incurred seeking grants|-|
-|-|
-|
-| |Other|-|
-|-|
-|
-| |**Total**|38|
-|-|
38|761| ||||||| |**Charitable activities**|**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |Proclaiming|4,422|32,654|-|37,076|27,200| |Training in ministry|4,422|23,226|-|27,648|42,920| |Evangelism|5,581|22,021|-|27,602|16,390| |Mission including Josiah Venture|-|14,863|-|14,863|15,782| |Leadership|6,855|33,841|-|40,696|24,293| |Other – Thanksgiving offerings|14,982|
565|-|15,547|13,995| |**Total**|36,263|127,171|-|163,434|140,581| |**Support expenses**|**Unrestricted**
**funds**
**£**|
**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |General support Costs|7,245|-|-|7,245|6,208| |Governance Costs|-|-|-|-|-| |Staff Salaries, NIC & Pension|21,319|15,879|-|37,198|48,814| |Staff Expenses including Travel|2,858|-|-|2,858|1,681| |Independent examiner’s fee|-|-|-|-|-| |Other|-|-|-|-|-| |**Total**|31,422|15,879|-|47,301|56,703| |**Total expenditure**|||||| ||67,723|143,050|-|210,773|198,045| 10 ## **4. Staff costs** |**4.1 Employment costs**
Salaries & wages
Social security costs
Pension costs (defined contribution pension plan)
Staff expenses
Other employee benefits
Total staff costs|**2021**
**2020**
£
£
109,196
100,586
8,977
8,244
3,768
3,332
2,858
1,681
-
-| |---|---| ||124,799
113,843| No employee have received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 ## **4.2 Average head count** |Fund raising
Charitable activities
Support / Governance
Total|**2021**
**2020**
-
-
3
3
2
2| |---|---| ||5
5| ## **5. Tangible fixed assets & depreciation** Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Equipment - 25% (Straight line basis) |**Tangible fixed assets**
**Cost**
As at 1 January 2021
Additions
Disposals
As at 31 December 2021
**Depreciation**
As at 1 January 2021
Charge for the year
depreciation on disposals
As at 31 December 2021
**Net book value**
As at 31 December 2021
As at 31 December 2020|**Equipment**
**Total**
£
£
7,119
7,119
69
69
-
-| |---|---| ||7,188
7,188| ||3,968
3,968
1,297
1,297
-
-| ||5,265
5,265| ||1,923
1,923| ||3,151
3,151| 11 ## **6. Fund accounting** Unrestricted funds comprise the accumulated movement on funds available for use at the absolute discretion of the trustees. Restricted funds are funds subject to specific restrictions imposed by the donor. They provide funds for the purpose of a charitable activity and supporting Kerygma180s administration and support costs. These funds are held by Kerygma 180 until spent in accordance with the terms of the donation or grant. ## **7. Debtors & prepayments** |**Analysis of debtors**
Trade debtors
Prepayments
Other debtors – Gift Aid & Donations
receivable|**2021**
**2020**
£
£
-
-
8,038
3,122
5,918
1,399| |---|---| ||13,956
4,521| ## **8. Creditors: amounts falling due within one year** |Accounts payable
Accruals & deferred income
Taxation & social security
Pension payable|**2021**
**2020**
£
£
1,546
1,092
8,538
17,979
2,280
2,235
628
618| |---|---| ||12,992
21,924| ## **9. Deferred income** |**Movement in deferred income**
Balance as at 1 January
Amounts added in current period
Amounts released to income from previous periods
Balance as at 31 December|**2021**
**2020**
£
£
11,355
31,276
5,000
4,277
(8,355)
(24,198)
8,000
11,355| |---|---| 12 ## **10. Cash at bank and in hand** |Short term cash investments
Cash at bank and in hand|**2021**
**2020**
£
£
-
-
106,865
121,341| |---|---| ||106,865
121,341| ## **11. Summary of fund movements** ## **Details of material funds held and movements – 2021 (current year)** |**Fund**|**Type***|**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---|---| |General Fund|UR|To use to help the
ministries below|99,762|120,437|(67,723)|(50,723)|101,753| |Proclaiming|R|To train in street
ministry|-|3,748|(32,654)|28,906|-| |Training in
Ministry|R|To train in street
evangelism|7,278|5,848|(23,226)|13,100|3,000| |Evangelism|R|To train evangelists|-|7,808|(22,022)|19,214|5,000| |Missions
including JV|R|To train in street
ministry|-|14,795|(14,863)|68|-| |Leadership|R|To train leaders|50|17,267|(33,841)|16,524|-| |Other Designated|R|To train the above|-|43,533|(16,444)|(27,089)|-| |**Total Funds as per balance sheet**|||107,090|213,436|(210,773)|-|109,753| *Key : UR – Unrestricted funds , R - Restricted funds 13 ## **Details of material funds held and movements – 2020 (previous year)** |**Fund**|**Type***|**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---|---| |General Fund|UR|To use to help
the ministries
below|73,555|111,493|(67,362)|(17,924)|99,762| |Proclaiming|R|To train in street
ministry|-|1,274|(27,200)|25,926|-| |Training in
Ministry|R|To train in street
evangelism|31,276|30,283|(42,920)|(11,360)|7,278| |Evangelism|R|To train
evangelists|-|649|(15,341)|14,692|-| |Missions
including JV|R|To train in street
ministry|-|15,263|(15,782)|519|-| |Leadership|R|To train leaders|-|10,597|(23,638)|13,091|50| |Other Designated|R|To train the
above|-|30,745|(5,801)|(24,944)|-| |**Total Funds as per balance sheet**|||104,831|200,304|(198,045)|-|107,090| *Key : UR – Unrestricted funds , R - Restricted funds 14 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trust8881 members of KERYGMA 180 On accounts for the year ended 3111212021 Charity no (If any) 1123294 Set out on page5 I report lo the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 3111212021. Responslbllltles and As the charitys Iruslees, you are responsible for the preparation of the basls of report accounts in accordanc8 Wlth the requirements of the Charities Act 2011 I'the Act"). I r8POrt in r8sp8cI of my examination of th8 Trust's account5 carried out under section 145 of th8 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under sèction 145(5llbl of the Act. Independent I have completed my examination. I confirm that no material maller5 have examlner's statement come to my attention in connection with the examination (other than Ihat disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept In accordance with section 130 of the Charilies Act,. or the accounts did not acco￿1 with Ihe accounting records,. or the accounts did not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lNe and fair, view which is not a matter onsidered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. Slgned: Date: Name: o(i" Relevant profosslonal qualification{s) or body (If any): Prc Ct Address: Lofvoso 15 Section B Disclosure Only complele if the examiner needs to highlight material matters of con￿rn {see CC32, Independent examination of charity accounts= directions and guidance for examiners). Glv8 here brlef details of any items that the examiner wishes lo dlsclose. 16